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University of North Texas

Student Money Management Center

Sewell Loan

SPECIAL NOTE: THE SEWELL LOAN PROGRAM IS ONLY OPEN DURING THE FALL AND SPRING SEMESTERS

The Jane Sewell Endowment in Accounting was established to provide loan and scholarship support for junior or senior year students at the University who are majoring in Accounting or who are pursuing a graduate degree in Accounting at the University.

Loan amounts are short-term needs based loans that enable students to pay tuition and course materials at the beginning of registration during fall and spring registration periods amounts not exceeding $1,000. A one-time $45 origination fee is applied to the loan. Repayment of a loan and fee is the responsibility of the student and is required by the student to repay as defined by the terms stated in the promissory note.

Accounts will be considered late one (1) day past the repayment date stated in the signed promissory note and assessed $25. An account will be considered default and assessed an additional $25 penalty fee thirty-one (31) days past the repayment date stated in the signed promissory note.

Eligibility Requirements

Must be a UNT Denton campus declared accounting major student

Must be at least 18 years of age

Must be enrolled in the current semester

Must not have any financial obligations to the university

Must show the ability to repay the loan and fee

Student account must be clear of all negative service indicators

Must have a minimum 3.0 cumulative UNT GPA

Student must be enrolled at time of application

Repayment Deadlines

Fall 2017 – November 3, 2017

Summer Loans – Program Closed

Terms and Conditions

$1,000 is the maximum level of support for fall and spring semesters (no summer loans)

A one-time $45 origination fee is applied to the loan

5 to 7 business days are required to process a loan application

Loan can be used for tuition and course materials only

A signed promissory note is required to be on file before disbursement of loan occurs

Accounts in late status (one day past the due date) will be assessed an additional $25 penalty fee

Should a loan become late the applicant is ineligible to apply for any of the SMMC loan programs for twelve months

Accounts in default status (thirty-one days past the due date) will be sent to a collections agency and assessed an additional $25 penalty fee; the student’s credit will be negatively impacted by these actions

Transcript and registration blocks will be applied to late and default accounts

Student may apply for one (1) loan per semester

To Apply

Applicants must be first pre-aproved through an application interview with the Department of Accounting:

University of North Texas College of BusinessBusiness Leadership Building 2131307 West Highland StreetDenton, Texas 76201 USA

After being approved to apply, applicants will be directed to the Student Money Management Center to complete the application process: